Which of the Following Accounts Is Not Included in the Asset

question 212

Multiple Choice

Which of the following accounts is not included in the asset section of the balance sheet?

• A) Services revenue.
• B) Accounts receivable.
• C) Supplies.
• D) Cash.
• E) Land.

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Definitions:

Without Property

Refers to individuals or groups that do not own property or land, often highlighting issues of economic disparity and social inequality in various contexts.

Free Labor Vision

Free labor vision refers to the ideological belief in the 19th century that emphasized the moral and economic superiority of free labor over slave labor.

Continuous Cycle

A process or series of events that repeat themselves regularly and indefinitely without significant change or interruption.

Debt

Debt is an obligation or liability owed by one party to another, typically involving borrowed money that is to be paid back with interest.